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Statement a is true. The intersection of SMC and MR is always best, unless it results in a loss that exceeds the firm's total fixed costs, in which case it is better to shut down and produce nothing. To find the price a price-setter must set, we always look at the point on its demand curve at the output it wishes to sell.
Which team won 2021 Indian Premier League?
Where are the headquarters of payment company PhonePe?
The Central government has released ____ as a monthly installment towards tax devolution to states.
Which of the following state government had signed to take Rs 4000 cr loan from ADB to set up medical colleges in its 12 districts?
Who has taken over as the 28th Controller General of Accounts?
The Asian Development Bank (ADB) has approved $112 million loan for Asam Skill University to strengthen skill education and training, Identify the Chie...
What is the currency of South Africa?
Union Budget has proposed which of the following scheme to settle long-pending litigation in cases where an arbitration order has been challenged in any...
Indian Air Force contingent comprising 145 Air Warriors departed for participating in Exercise Cobra Warrior at which of the following country?
What historic achievement did Swapnil Kusale accomplish at the Paris Olympics?